GroundRules
15 Pa.C.S. § 7538: Exemption from tax on capital stock and indebtedness.
Where this section sits in the code
- Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
- PART II CORPORATIONS
- SUBPART D COOPERATIVE CORPORATIONS
- ARTICLE B DOMESTIC COOPERATIVE CORPORATION ANCILLARIES
- CHAPTER 75 COOPERATIVE AGRICULTURAL ASSOCIATIONS
- SUBCHAPTER B POWERS, DUTIES AND SAFEGUARDS
No State or local tax shall be levied or placed upon the capital stock of an association or upon any scrip, bonds, certificates or other evidences of indebtedness issued by such association. The association shall not be required to file in the Department of Revenue, or with any other State or local official of this Commonwealth, the reports relative to such taxes as are or may be required of corporations not exempt from the payment of such taxes.
Collected 2026-09-02T16:31:13Z. Source file · JSON